Marvell Technology - MRVL Stock Forecast, Price & News

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 4 hold ratings and 28 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRVL shares.
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32 Wall Street research analysts have issued 1-year target prices for Marvell Technology's shares. Their MRVL share price forecasts range from $58.00 to $125.00. On average, they expect the company's stock price to reach $81.21 in the next twelve months. This suggests a possible upside of 87.6% from the stock's current price.
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Marvell Technology's stock was trading at $87.49 at the start of the year. Since then, MRVL stock has decreased by 50.5% and is now trading at $43.29.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our MRVL earnings forecast.

Marvell Technology, Inc. (NASDAQ:MRVL) issued its quarterly earnings results on Thursday, August, 25th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The semiconductor company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. Marvell Technology had a negative net margin of 3.95% and a positive trailing twelve-month return on equity of 7.94%. The firm's revenue was up 41.0% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS.

Marvell Technology announced a quarterly dividend on Friday, September 23rd. Shareholders of record on Friday, October 7th will be given a dividend of $0.06 per share on Wednesday, October 26th. This represents a $0.24 annualized dividend and a yield of 0.55%.
Read our dividend analysis for MRVL.

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.55%.
Read our dividend analysis for MRVL.

Marvell Technology updated its third quarter 2023 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of $0.56-$0.62 for the period, compared to the consensus EPS estimate of $0.60. The company issued revenue guidance of $1.51 billion-$1.61 billion, compared to the consensus revenue estimate of $1.58 billion.

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (14.69%), Price T Rowe Associates Inc. MD (4.29%), State Street Corp (2.18%), Goldman Sachs Group Inc. (1.54%), Brown Advisory Inc. (1.46%) and Allianz Asset Management GmbH (1.43%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Richard Hill, Willem A Meintjes and Willem A Meintjes.
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Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRVL stock can currently be purchased for approximately $43.29.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $36.91 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421,030,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis.

The company employs 6,729 workers across the globe.

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.